What would you do with about £50,000?
#1
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What would you do with about £50,000?
Just a hypothetical question ......
Lets assume that the Premium Bonds are full to the limit - the ISAs are all loaded - shares have been bought for the long term and there is no mortgage or other debt to worry about.
Wasting it on cars, wine and women is not an option - Capital Growth would be nice, but an Income would be ok if no growth ...
What would you do?
Put it towards more property, ignoring the collapse which is about to hit us?
Lets assume that the Premium Bonds are full to the limit - the ISAs are all loaded - shares have been bought for the long term and there is no mortgage or other debt to worry about.
Wasting it on cars, wine and women is not an option - Capital Growth would be nice, but an Income would be ok if no growth ...
What would you do?
Put it towards more property, ignoring the collapse which is about to hit us?
#5
Theres not much you could do with it. Stick it in a high yield account with a view to going offshore.
Property isnt the answer anymore. We arent seeing much growth in the UK at the moment.
Property isnt the answer anymore. We arent seeing much growth in the UK at the moment.
#6
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You only posted this topic so you could write that last part of the last sentance didn't you, Pete?
Thought you were waiting for the collapse so you could "clean up"
Save it for that if you believe in it or if it's really burning a hole and use it for 5 10% deposits on 5 £100K buy to lets in an up-and-coming area...go on , dare you
Thought you were waiting for the collapse so you could "clean up"
Save it for that if you believe in it or if it's really burning a hole and use it for 5 10% deposits on 5 £100K buy to lets in an up-and-coming area...go on , dare you
#7
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National Savings Index Linked savings certificates, buy the 3 and 5 year issues for you and your wife is £60k. If you leave it in at least a year you get interest at RPI+1.3% approx (about 0.05% difference per year). Tax free. Beating that without risk is tricky IMHO.
Property, not for me thanks!
Property, not for me thanks!
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#9
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Put £33k into each of the 5.8-6.1% savings accounts in the name of the lowest rate taxpayer in your marriage, once you've used up the NS&I stuff. If the bank goes bust you get compensated 90% of the 3000-33000 stuff and nil after that. With the credit ratings of ICICI being a little less than ideal I wouldn't leave more than 33k in there for long.
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1) 3k into NS&I ISA - 6.05% tax free
2) 30k into NS&I Index Linked Bonds (2 x 15k issues) - 5.85% tax free and can access the money after 12months with no penalty or loss of interest
3) 17k into Icesave at 5.95%
2) 30k into NS&I Index Linked Bonds (2 x 15k issues) - 5.85% tax free and can access the money after 12months with no penalty or loss of interest
3) 17k into Icesave at 5.95%
#16
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#21
National Savings Index Linked savings certificates, buy the 3 and 5 year issues for you and your wife is £60k. If you leave it in at least a year you get interest at RPI+1.3% approx (about 0.05% difference per year). Tax free. Beating that without risk is tricky IMHO.
Property, not for me thanks!
Property, not for me thanks!
#22
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The only downside at the moment is the time they're taking to process applications because of demand, but I phoned them and they said that the money gains interest from the day you applied, even though two weeks later they've only taken half of it.
The last issue wasn't such good value IIRC.
The last issue wasn't such good value IIRC.
#23
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personally I would get the new audi RS5 when it comes out. It seems your portfolio is full anyway.
easy peasy answer to your question. Buy three reasonably cheap or in range properties on mortgage. Use the £50k as desposits, then rent out properties and use rent to pay mortgage. The properties should naturally appreciate over time. Come 5-10 years later, and your chappy.
bearing in mind i'm only 20! lol
easy peasy answer to your question. Buy three reasonably cheap or in range properties on mortgage. Use the £50k as desposits, then rent out properties and use rent to pay mortgage. The properties should naturally appreciate over time. Come 5-10 years later, and your chappy.
bearing in mind i'm only 20! lol
#28
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personally I would get the new audi RS5 when it comes out. It seems your portfolio is full anyway.
easy peasy answer to your question. Buy three reasonably cheap or in range properties on mortgage. Use the £50k as desposits, then rent out properties and use rent to pay mortgage. The properties should naturally appreciate over time. Come 5-10 years later, and your chappy.
bearing in mind i'm only 20! lol
easy peasy answer to your question. Buy three reasonably cheap or in range properties on mortgage. Use the £50k as desposits, then rent out properties and use rent to pay mortgage. The properties should naturally appreciate over time. Come 5-10 years later, and your chappy.
bearing in mind i'm only 20! lol
Unless you're joking, have you not noticed that you can only cover half a typical mortgage from rental, and that 2/3 of English postcodes had house price stagnation or loss last month?